UTANG NASABAH Deposit at Clearing and Guarantee Institution

PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20166 Expressed in Rupiah, unless otherwise stated Halaman - 63 - Page 20. PERPAJAKAN Lanjutan 20. TAXATION Continued d. Pajak kini

d. Current tax

Rekonsiliasi antara laba sebelum pajak penghasilan sebagaimana yang disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dengan taksiran penghasilan kena pajak untuk tahun-tahun yang berakhir 31 Desembe 2016 dan 2015 adalah sebagai berikut: A reconcilliation between profit before income tax as presented in the consolidated statements of profit or loss and other comprehensive income with estimated taxable profits for years ended 31 December 2016 and 2015 is as follows: 2016 2015 Laba konsolidasian sebelum pajak penghasilan 311.117.941.082 108.952.347.400 Consolidated profit before income tax Dikurangi: laba sebelum pajak penghasilan entitas anak 61.694.148.880 29.087.437.702 Deduct : Profit before income tax of the subsidiaries Laba Perusahaan Profit before income tax of sebelum pajak penghasilan 249.423.792.202 79.864.909.698 the company Beda waktu: Timing differences:: Difference between tax and accounting Selisih penyusutan aset depreciation of property and tetap fiskal dan komersial 81.818.824 240.271.297 equipments Penyisihan imbalan kerja 194.153.554 640.955.238 Provision for employee benefits Keuntungan atas Gain on sale of property and penjualan aset tetap 85.476.927 110.293.287 equipments 197.811.657 770.933.248 Beda tetap: Permanent differences: Laba yang telah direalisasi atas perdagangan aset Realized gain on trading keuangan yang diukur pada of financial assets at fair value nilai wajar melalui laba rugi 2.471.953.105 1.909.139.325 through profit and loss Laba yang belum direalisasi atas aset keuangan yang diukur pada nilai wajar Unrealized gain on Financial assets melalui laba rugi 1.291.252.066 1.167.548.966 at fair valuet hrough profit and loss Dipindahkan 1.180.701.039 3.076.688.291 Brought forward PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20166 Expressed in Rupiah, unless otherwise stated Halaman - 64 - Page 20. PERPAJAKAN Lanjutan 20. TAXATION Continued d. Pajak kini Lanjutan d. Current tax Continued 2016 2015 Pindahan 1.180.701.039 3.076.688.291 Carried forward Bunga deposito Interest on deposits and interest on dan jasa giro obligasi dan credit bank balances, bonds lain-lain 2.351.953.437 4.481.686.259 and other Beban atas obyek pajak Expenses related to final penghasilan final 656.205.283 691.341.927 tax object Pendapatan yang bukan merupakan obyek pajak: Income not subject to income tax Penyertaan di reksadana Unrealized investment in units of yang belum realisasi 62.037.764.528 81.481.884.569 mutual funds Beban yang tidak diperkenankan oleh fiskal: Non-deductible expenses: Beban pajak 62.055.796 327.125.309 Tax expenses Asuransi 470.013.416 385.313.529 Insurances Representasi dan sumbangan 249.663.176 309.869.586 Representation and donation Pemeliharaan mobil mewah dan Maintenance of luxurious vehicle and telepon selular 303.243.711 272.101.404 cellular phone Pemeliharaan kendaraan bermotor 43.638.126 34.758.840 Maintenance on vehicles 62.604.898.457 75.944.020.614 Taksiran penghasilan kena pajak Perusahaan 185.440.381.069 156.579.863.560 Estimated taxable Income of the Company Beban pajak penghasilan Income tax expense kini – Perusahaan 37.088.076.200 31.315.972.600 of the Company - current Penyesuaian periode sebelumnya Adjustment on previous fiscal period – perusahaan 3.554.626.632 - - company Beban pajak penghasilan Current income tax expense kini – entitas anak 10.894.810.711 13.536.487.451 - subsidiaries Penyesuaian periode sebelumnya Adjustment on previous fiscal period – entitas anak 95.449.289 - - subsidiaries Jumlah beban pajak Total income tax penghasilan kini 51.632.962.832 44.852.460.051 expense - current PT PANIN SEKURITAS TBK DAN ENTITAS ANAKNYAAND ITS SUBSIDIARIES PT PANIN SEKURITAS Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2016 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT PANIN SEKURITAS Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20166 Expressed in Rupiah, unless otherwise stated Halaman - 65 - Page 20. PERPAJAKAN Lanjutan 20. TAXATION Continued e. Aset pajak tangguhan, bersih e. Deferred tax assets, net Dibebankan dikreditkan ke Dikreditkan ke laba tahun penghasilan berjalan komprehensif Charged lainCredited credited to to other 2015 profit for the year comprehensive income 2016 Perusahaan Company Selisih penyusutan aset Different between tax and tetap fiskal dan komersial . 460.650.615 544.982 - 460.105.633 accounting net book value of fixed assets Kewajiban imbalan kerja 1.026.959.412 38.830.711 32.648.891 1.020.777.592 Employee benefits obligations 1.487.610.027 39.375.693 32.648.891 1.480.883.225 Entitas anak 1.157.997.634 56.657.610 92.442.838 1.307.098.082 The subsidiaries Jumlah aset pajak tangguhan, bersih 2.645.607.661 17.281.917 125.091.729 2.787.981.307 Total deferred tax assets, net Dibebankan ke Dikreditkan ke penghasilan laba tahun komprehensif berjalan lain Credited Charged to 2014 to profit for the year other comprehensive income 2015 Perusahaan Company Selisih penyusutan aset Different between tax and tetap fiskal dan komersial 434.655.013 25.995.602 - 460.650.615 accounting net book value of fixed assets Kewajiban imbalan kerja 970.813.942 128.191.047 72.045.577 1.026.959.412 Employee benefits obligations 1.405.468.955 154.186.649 72.045.577 1.487.610.027 Entitas anak 1.077.061.188 121.687.608 40.751.162 1.157.997.634 The subsidiaries Jumlah aset pajak tangguhan, bersih 2.482.530.143 275.874.257 112.796.739 2.645.607.661 Total deferred tax assets, net